JAKARTA (IFN) - Composite stock price index in the Indonesia Stock Exchange opened move higher by 18.42 points on Monday encouraged market participants buying following positive expectations of domestic macroeconomic data will be released.
IDX IDX opened up by 18.42 points, or 0.34 percent, to 5415.28, while the group of 45 leading stocks (LQ45) rose 4.68 points (0.50 percent) to 942.18 level.
"JCI continue to strengthen in line with positive expectations on Indonesia's macroeconomic data which was due to be released in early April," said Asjaya Indosurya Securities analyst William Surya Wijaya on Monday.
It is estimated that inflation in March 2015 is still to be stable, while the trade balance recorded a surplus of Indonesia also diekspektasikan although not significantly. On the other hand, the issuer's financial statements for the financial year 2014 are also likely to grow.
"The expectation was that encourage positive IDX IDX back in the positive area. Technically, the index IDX chance to level 5,444 points," he said.
Meanwhile, Head of Research MNC Securities Alfiansyah statement saying that the Fed chief Janet Yellen with respect to policies that would do to increase love interest will overshadow the movement of global stock indexes, including the IDX IDX.
He said that the Fed is serious enough to raise interest rates, timing and pace of interest rate hikes will depend on data, economic data released if they fail to meet the expectations of the Fed's policy will be re-adjusted.
"The rate hike in June is still in the calculation of the US central bank, but there is an attitude of 'dovish' of the Fed to provide an indication of the interest rate will go up in September or later," he said.
Regional exchanges, including the Hang Seng index rose 293.02 points (1.20 percent) to 24,779.22, the Nikkei Stock Index rose 87.58 points (0.45 percent) to 19,373.21, and the Straits Times rose 4.72 points (0.14 percent) to 3455.09 position.
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